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Can MGM Resorts Mine New York City Casino Gold Before 2023? (The Motley Fool)

US gaming operators expected to receive same treatment as Asian counterparts in future license process – Fitch (Macau Business)

Galaxy adjusted EBITDA up 6pct y-on-y in Q3 despite falling VIP (Macau Business)

‘Don’t push gambling abroad’ (BBC News)

UK betting firms commit to five pledges for safer gambling (The Guardian)

Protecting online gamblers would be a good policy for any party (The Guardian)

U.K. Bookmakers Slump as Lawmakers Call For Online Crackdown (Bloomberg)

ICE London 2020

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At a Glance…

U.S.A.:
Guitar-shaped hotel opens
The Seminole tribe has launched the world’s first guitar-shaped hotel in Hollywood, Florida with 638 guest rooms and suites – the Seminole Hard Rock Hotel & Casino is a sprawling complex that includes 19 restaurants, 20 bars, shops, nightclubs and a spa

THE PHILIPPINES:
Proposed increase to gambling tax
A new bill aims to classify all Offshore Gaming Operators as resident corporations and subject to an additional 5% tax on GGR – gaming operators will be required to pay monthly $10,000 for table games, another $5,000 for slot machines plus $1,000 presumptive corporate income tax

U.S.A.:
Internet cafés file lawsuit in Jacksonville
Owners of three Jacksonville, Florida internet cafes have filed a lawsuit challenging a city ordinance that calls simulated gambling at their establishments a public nuisance and is intended to shut them down

MACAU:
GGR rises 0.6% y-o-y
Macau gross gaming revenues have increased by 0.6 per cent year-on-year in September to US$2.7 billion – this is the fourth month this year to have recorded a year-on-year increase in gaming revenues and follows two consecutive months of a decline in results

JAPAN:
Casinos Austria bids for Nagasaki
Casinos Austria has confirmed it is in the race for a casino license in Nagasaki prefecture, the most challenging and expensive of the Japanese potential casino destinations, and that its Japanese arm is in the process of forming a consortium

BELGIUM:
CAI loses online gambling licence
The Belgian Council Of States has annulled the online gambling licence of Casinos Austria International (CAI) – this will directly impact the ability of its sub-licensee Betway to operate in the Belgian market

MACAU:
Weather and protests affect revenue
Typhoon Lekima and Hong Kong protests are impacting August gaming revenues – average daily revenues recorded are flat and 8% lower than last year

U.K.:
Three cup trick scams tourists
As many as 14 gangs at one time have been occupying space under Westminster Bridge and trying to scam tourists out of thousands of pounds using the old “three cup trick” – local police have already made 30 arrests